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Sent: Sunday, July 25, 2004 12:04 PM
Subject: Re: market projections
Hope you all had a nice week end
Attach is the spx weekly cash with my long term
trading;
max down side risk is 25-35 points,
(blue line is spx +rate of chang)
Upper line is when you short market
lower line is clsing your shorts
<BLOCKQUOTE dir=ltr
>
Monday is a LOW risk Day trade,
Monday has a better than 80% probability
of lower lows for BOTH Nasdaq and sp500,
the shorts on nq should come when it hits
1388 and trin above 1.25
stop loss at 1391
add to shorts at 1384.8
close all shorts at 1375.2
sp500
it should hit the ceiling at
1091.1
stop loss at 1094.1
make sure trin above 1.25 and tick
decreasing,
add to shorts at 1088.6
close all shorts at 1083.8
Monday also has a High risk
trade
Buy sp500 at 1080 stop
loss 1077
add to long at 1083.8
close all longs at 1084.9
stocks
add to your position in srdx
move your stop loss to 23.89
as you have notice ressistance is 26
(a good place to take some profits)
your input privately or to the group is
welcome,
any suggestions, questions?
,,,, please feel free
Ben
Diclaimer
Trade at your own risk.
futures are VERY risky, past performance is not a
guarentee for future results,
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